Investor's Business Daily - China's gov't has begun to levy taxes on virtual assets. Gamers who get magic items, gold or other assets in virtual worlds are being taxed at a 20% rate. Thanks in large part to the popularity of multiplayer online games, China's virtual goods market has grown into a $1.45 bil industry. Some firms hire young Chinese to play games, and then they sell their players' winnings online. The tax in part takes aim at this practice, which is called "gold farming."
Reuters - It sure helps to have the "Guitar Hero" franchise. On Wednesday, two big video game companies reported quarterly earnings, with Activision Blizzard impressing investors while THQ depressed them.
Reuters - Wrestling fans tired of watching from the sidelines can get into a virtual ring with their idols when THQ launches its newest videogame "WWE SmackDown vs. Raw 2009" this week.
Reuters - It sure helps to have the "Guitar Hero" franchise. On Wednesday, two big video game companies reported quarterly earnings, with Activision Blizzard impressing investors while THQ depressed them.
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